Borrow Money to Buy a Fitness For Life Franchise Corp Franchise

Borrowing money to invest in a Fitness For Life Franchise Corp franchise? State Bank Of Cross Plains has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Fitness For Life Franchise Corp franchise is doable. In 2005, State Bank Of Cross Plains issued an SBA franchise loan to an entrepreneur in Middleton, Wisconsin. Because Fitness For Life Franchise Corp was registered with the SBA's registry of franchises, this Wisconsin small business loan was issued on an expedited basis.

SBA Loan Borrower

FITNESS TOGETHER
MIDDLETON, WI 53562

SBA Loan Lender

STATE BANK OF CROSS PLAINS
1205 MAIN ST
CROSS PLAINS, WI 53528

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

12/7/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Fitness For Life Franchise Corp franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Getting a Small Business Loan

SBA Banks in Cross Plains, Wisconsin

Wisconsin SBA 7A Banks